DirecTV has terminated its deal with EchoStar to acquire Dish DBS following bondholders’ opposition to the debt-exchange proposal. The merger would have created the largest U.S. pay-TV provider, with ...
DirecTV announced this week that it is cancelling its merger with Dish due to concerns over a debt swap by bond holders. The agreement hinged on Dish bondholders accepting a debt swap, which would ...
DirecTV is abandoning its acquisition of Dish assets after a group of bondholders refused to accept the terms of a proposed debt offer, a DirecTV spokesperson said. "A successful exchange was a ...
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Merger of DIRECTV and DISH is officially dead after bondholders stand firm
DISH bondholders refused to take less for their investment as part of the merger, and now the deal is officially scuttled.
DirecTV says it is walking away from its planned acquisition of EchoStar's video distribution service, DISH DBS, after DISH bondholders rejected a debt exchange offer from the satellite TV provider.
DirecTV is pulling out of an agreement to buy its satellite rival Dish after bondholders objected to terms of the deal. DirecTV issued an announcement last night saying "it has notified EchoStar of ...
DirecTV and Dish Network, longtime satellite TV adversaries, are set to merge. DirecTV announced a deal Monday with Dish parent company EchoStar to acquire Dish in a deal valued at nearly $10 billion ...
DirecTV is calling off its planned acquisition of rival Dish after the offer was rejected by bond holders at that company. The deal was reliant on Dish bond holders agreeing to trade in the debt they ...
As September came to a close, official word that DirecTV had agreed to acquire EchoStar’s video distribution business, including DISH TV and Sling TV services had tongues wagging. Now, the chances of ...
EchoStar‘s proposed deal to sell Dish Network to DirecTV — for $1 cash and the assumption of $9.75 billion in debt — is akin to Dish defaulting on its debt securities, according to credit-rating ...
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